This property could be a profitable Mid-Term investment with a projected 26.94% first-year return on $43,200 initial cash invested.
26.94%
Cash On Cash
17.17%
Cap Rate
2.73
DSCR
$2,984
Rent
$970
Cashflow
Cash Flow
$2,984 income − $2,014 expenses = $970 cash flow
Investment Breakdown
|
Purchase Price
$120k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$43,200
Downpayment
20%
$24,000
Closing costs
1%
$1,200
Rehab
0%
$0
Furnishing
15%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$2,014
Mortgage P&I
21%
$628
Property Taxes
10%
$312
Home Insurance
2%
$60
HOA
0%
$0
Property Management
12%
$358
CapEx
4%
$119
Vacancy
3%
$90
Maintenance
4%
$119
Other
11%
$328